House builder in ‘strong po­si­tion’

Yorkshire Post - Property - - FRONT PAGE -

AN­DREW Bowes, man­ag­ing di­rec­tor of Per­sim­mon Homes York­shire, says an in­crease in un­der­ly­ing profit, strong cash flow and a ma­jor an­nounce­ment to re­turn cap­i­tal of £1.9bn to share­hold­ers over the next decade, puts the com­pany in a strong po­si­tion.

“Per­sim­mon’s strat­egy has been to de­liver im­prov­ing op­er­at­ing mar­gins, in­vest in high qual­ity land, in­crease prof­itabil­ity and gen­er­ate sur­plus cash to pay down debt.

The sales rate per site in the first eight weeks of 2012 is 22 per cent up on last year’s fig­ures.

This year, Per­sim­mon Homes is work­ing on de­vel­op­ments in Nor­ton, Pick­er­ing, Holton-le-clay and With­ernsea.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.